
Cheap Homes for Rent in the Lake Park Neighborhood of Milwaukee, WI from $1,095 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Park area of Milwaukee.


1140 E Hamilton St

3817 N Humboldt Ave, Unit 3

2121 N Cambridge Ave

1028 E Juneau Ave

2573 N Bartlett Ave
An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters
Discover Milwaukee apartment living from Downtown lofts to affordable suburban homes. We detail neighborhoods near the four major employment hubs: urban, leafy, and everything in between.

2728 N Murray Ave

1704 E Locust St, Unit 3

1704 E Locust St, Unit 6

2443 N Bartlett Ave

2131 N Summit Ave, Unit 307

1641 N Franklin Pl
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1704 E Bradford Ave, Unit 1704

2009 N Prospect Ave, Unit 26

2260 N Summit Ave, Unit 205

2260 N Summit Ave, Unit 310

1754 N Astor St

1125 E Clarke St
A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit
Uncover Milwaukee's affordable, vibrant neighborhoods and down-to-earth charm. Get a local expert's take on the city's renaissance, favorite traditions, and famous Gemütlichkeit (cozy spirit).

1841 N Warren Ave
Lake Park, Milwaukee, WI Local Guide

How much does it cost to rent a home in Lake Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Park 2 Bedroom Homes for Rent | $1,910 | $1,245 | $2,850 |
| Lake Park 3 Bedroom Homes for Rent | $1,932 | $1,495 | $2,750 |
| Lake Park 4 Bedroom Homes for Rent | $1,990 | $1,750 | $2,270 |
Browse Homes for Rent in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Lake Park Neighborhood of Milwaukee, WI.
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Lake Park, Milwaukee, WI Local Guide
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Cheapest Available Lake Park Apartments for Rent
 The cheapest available apartment rental in the Lake Park area of Milwaukee, WI is a Studio unit found at Pleasant Apartments priced from $725. Cumberland Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Lake Park apartments for rent in Milwaukee, WI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pleasant Apartments | Studio Apartment | Studio,1BA | $725 |
| Cumberland Apartments | Studio | Studio,1BA | $725 |
| Buckingham Apartments | Small Studio | Studio,1BA | $725 |
| 1417 N. Prospect Avenue | 1417 Studios | Studio,1BA | $795 |
| 1517 Royall Pl | 0BR/1.0BA | Studio,1BA | $815 |
Best Value Apartments for Rent in Lake Park, WI
As of August 23, 2026 the best value apartment in the Lake Park area is the $1.20 price per square foot TownHome Model at Shepard Townhomes in the in the Downtown Milwaukee neighborhood starting from $3,295. The second greatest value Lake Park apartment is the 3BR/1.0BA Model at San Rafael Apartments starting at $1,980 with a $1.19 price per square foot in the Haymarket neighborhood. Here is today’s list of the best values for Lake Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shepard Townhomes | TownHome | 4BR,2.5BA | $1.20 |
| San Rafael Apartments | 3BR/1.0BA | 3BR,1BA | $1.19 |
| The Broadmoor | 3BR/1.0BA | 3BR,1BA | $1.23 |
| The Shorecrest | 2 BR / 1 BA | 2BR,1BA | $1.04 |
| Stowell House | 2BR/1.0BA | 2BR,1BA | $1.30 |
| 2030 N. Oakland Ave | 2BR/1BA | 2BR,1BA | $1.09 |
| Bartlett Hill Apartments | 2BR/1.0BA | 2BR,1BA | $1.29 |
| Royall Villas | 2 Bed / 1 Bath | 2BR,1BA | $1.30 |
| RW Apartments I and II | 2x1 | 2BR,1BA | $0.99 |
| 1851 N Pulaski St, Unit B | 1851 N Pulaski St | 1BR,1BA | $1.30 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleLake Park, Milwaukee, WI
Ranked #29
Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Lake Park
What type of rentals are currently available in Lake Park?
There are currently 526 Apartments for Rent in Lake Park, WI with pricing that ranges from $559 to $14,000. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Park ranging from $1,095 to $2,850.
What is the current price range for Rental Homes in Lake Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Park ranges from $1,095 to $2,850 with an average monthly rent of $1,772.
How much are larger Three and Four Bedroom Rentals in Lake Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Park range from $799 to $14,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,695.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

An Insider's Guide to Apartment Living Near Milwaukee's Four Employer Clusters
Written by: Tim Brown
Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

A Local Expert's Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, Milwaukee's neighborhoods have been home to friends and family for years.

The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then blocks outside the border, many of the Milwaukee neighborhoods profiled here have been home to friends and family.

Finding The Best Affordable Milwaukee Neighborhoods to Rent
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then just blocks outside the border, many Milwaukee neighborhoods have been home to friends and family for many years.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.